Ronald W. Hovsepian - 04 Oct 2024 Form 4 Insider Report for Skillsoft Corp. (SKIL)

Role
CEO & Executive Chair, Director
Signature
/s/ Richard Walker, as attorney-in-fact for Ronald Hovsepian
Issuer symbol
SKIL
Transactions as of
04 Oct 2024
Net transactions value
-$218,279
Form type
4
Filing time
08 Oct 2024, 17:50:57 UTC
Previous filing
22 Jul 2024
Next filing
18 Oct 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKIL Class A Common Stock Options Exercise $0 +31,250 $0.000000 31,250 04 Oct 2024 Direct
transaction SKIL Class A Common Stock Tax liability $218,279 -13,859 -44% $15.75 17,391 04 Oct 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SKIL Restricted Stock Units Award $0 +500,000 $0.000000 500,000 04 Oct 2024 Class A Common Stock 500,000 Direct F2, F3
transaction SKIL Restricted Stock Units Options Exercise $0 -31,250 -6.2% $0.000000 468,750 04 Oct 2024 Class A Common Stock 31,250 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld by the Issuer to satisfy tax withholding obligations upon vesting.
F2 Each restricted stock unit represents a contingent right to receive one share of Class A common stock of the Issuer.
F3 The restricted stock units vest in 16 equal installments. The first installment vested on the grant date, with 15 subsequent installments vesting quarterly beginning October 16, 2024.